10/02/2020

Ferrovan bankruptcy estate sells rights related to Mustavaara mine area

Finnish Minerals Group is a creditor in the Ferrovan Oy bankruptcy.

Ferrovan bankruptcy estate has reached an agreement to sell the rights and samples related to the Mustavaara mine area to a Canada based mineral exploration and development company Strategic Resources Inc.

Finnish Minerals Group is a creditor in the Ferrovan bankruptcy filed in April 2019 through its convertible loan receivables and related option rights.

 

Further information:

Strategic Resources Acquires the Past Producing Mustavaara Mine in Finland (10 Feb, 2020)
Ferrovan Oy files for backruptcy (10 April, 2019)

Inquiries:
Matti Hietanen, CEO, Finnish Minerals Group, +358 40 8238806, matti.hietanen@mineralsgroup.fi